Aspero, an online bond platform provider (OBPP), has announced its integration with the NSE and BSE Request for Quote (RFQ) platforms. This integration allows Aspero to offer a seamless and secure execution and settlement process for transactions in debt securities, including corporate bonds, through the highly secure mechanisms provided by NSE and BSE. This development aligns with the Securities and Exchange Board of India’s (SEBI) mandate for using the RFQ mechanism to conduct transactions on online bond platforms, ensuring enhanced security and efficiency.
The RFQ platform is designed to streamline the execution and settlement of debt securities transactions, offering investors various payment options such as UPI, Net Banking, NEFT, and RTGS, thereby combining convenience with payment security.
“At Aspero, we are committed to democratizing access to the bond market and empowering investors with product depth and education they need to make informed decisions,” said Gaurav Kumar, MD of Aspero. “Our integrated RFQ platform, diverse payment options, After Market Orders, and focus on user education position us as a leading platform in simplifying bond investments for the Indian market.”
The bond platform’s commitment to innovation and user convenience is further demonstrated through features like After Market Orders (AMO), which allows investors to place orders outside regular trading hours. Launched in September 2023, AMO addresses the inconvenience of market hour restrictions, and over 50% of bond platform’s orders are now placed outside market hours, reflecting the success of this feature. Additionally, Aspero believes in fair and transparent pricing for all our users and it rewards even higher yields to all users when they invest more.
To enhance transparency and investor education, Aspero provides in-depth details about the issuer through investment memorandum and rating rationale documents. These efforts have led to a significant increase in visits and time spent on bond detail pages, indicating a growing interest and trust among investors. Furthermore, Aspero has simplified the onboarding process with its innovative KYC journey, eliminating the need for document uploads and using advanced verification methods to ensure a quick and hassle-free account creation process.
Looking ahead, bond platform plans to introduce the Bondbasket and cart functionalities, allowing investors to create customized bond portfolios and further streamlining their investment strategies. bond platform is accessible across the Web, Mobile Web, and App (iOS and Android), making it one of the OBPPs to offer a fully integrated cross-platform experience. This comprehensive approach is aimed at promoting regular bond investing and portfolio tracking among retail users.
